equestId":"fb7d8eda-5cf4-41d6-bc6d-5cb388f3b125","resource":"content","data":[{"id":"txt_f86edae241d04f0abf877fe8ccb73518","text":" and mention cost of living\n \nIron Junction, MN is a charming community located in the heart of Minnesota. The cost of living is quite affordable as evidenced by rental costs which are $1,130 for a two bedroom apartment, compared to the US average of $1,430. Groceries are also quite affordable in Iron Junction with an index score of 95 versus 100 for the US. The economy is driven primarily by local businesses such as Iron Works Co., Superior Foods Corporation, and Beauty Plus Salon. All these companies are committed to providing quality products and services within the community at reasonable prices. Overall, Iron Junction offers its citizens a high quality of life at an attractive cost of living.
Iron Junction has an unemployment rate of 4.8%. The US average is 6.0%.
Iron Junction has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Iron Junction
- The Sales Tax Rate for Iron Junction is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Iron Junction is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iron Junction
- The average income of a Iron Junction resident is $24,956 a year. The US average is $28,555 a year.
- The Median household income of a Iron Junction resident is $61,250 a year. The US average is $69,021 a year.